M&A Deal Summary

TowerBrook Capital Partners Acquires AIM Altitude

On September 10, 2013, private equity firm TowerBrook Capital Partners acquired aerospace company AIM Altitude from LDC

Acquisition Highlights
  • This is TowerBrook Capital Partners’ 1st transaction in the Aerospace sector.
  • This is TowerBrook Capital Partners’ 7th transaction in the United Kingdom.
Investment Fate
  • AIM Altitude was sold to a strategic buyer in 2015.

M&A Deal Summary

Date 2013-09-10
Target AIM Altitude
Sector Aerospace
Buyer(s) TowerBrook Capital Partners
Sellers(s) LDC
Deal Type Secondary Buyout
Advisor(s) Jamieson Corporate Finance (Financial)

Target

AIM Altitude

Dorset, United Kingdom
AIM Altitude is dedicated to the design and manufacture of precision made lightweight interiors for the aerospace industry. AIM Aviation designs, engineers and manufactures cabin interiors for the world’s major airlines on Airbus, Boeing and military aircraft, from its base in the UK.

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Buyer(S) 1

Buyer

TowerBrook Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 17.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.


DEAL STATS #
Overall 40 of 100
Sector: Aerospace 1 of 3
Type: Secondary Buyout 8 of 29
Country: United Kingdom 7 of 19
Year: 2013 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-05 Metallum

Regensdorf, Switzerland

Metallum comprises two companies: Metallo Chimique NV, headquartered in Belgium, a market leader in the European copper and tin secondary refining market, and Metallum Group (Schweiz) AG, headquartered in Switzerland, a leading European metal scrap recycling group, operating metal scrap handling and recycling facilities in several European countries as well as in the Middle East and Asia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-04 Maxor

Amarillo, Texas, United States

Maxor is a diversified pharmacy services business comprised of three primary services: outsourced pharmacy management serving 43 pharmacies, pharmacy benefit management with 400,000 covered lives and specialty pharmacy services administering approximately 1.1 million doses annually. Maxor has operations in fourteen states. Maxor was formed in 1926 and is based in Amarillo, Texas.

Buy -

Seller(S) 1

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.6B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 57 of 202
Sector: Aerospace 4 of 6
Type: Secondary Buyout 19 of 74
Country: United Kingdom 55 of 196
Year: 2013 10 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-06 Matrix Energy Management

Bury, United Kingdom

Matrix Energy Solutions Limited provides energy management services. It offers Energy Management Centre for advanced data integration, first line support, site optimization, and remote software backup.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-16 Equiom

Douglas, United Kingdom

Equiom is a global professional services provider, offering end-to-end wealth protection and support services to private clients, corporate clients and funds. Equiom was founded in 1978 and is based in Douglas, United Kingdom.

Buy -